II 109th CONGRESS 1st Session S. 1678 IN THE SENATE OF THE UNITED STATES September 12, 2005 Mr. Schumer (for himself and Ms. Mikulski) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To temporarily increase the standard mileage rate for use of an automobile for purposes of certain deductions allowed under the Internal Revenue Code of 1986 and to temporarily increase the reimbursement rate for use of an automobile by Federal employees.

1.

Short title

This Act may be cited as the Reimbursing Our American Drivers (ROAD) Act of 2005.

2.

Temporary increase in mileage rate deduction

(a)

Rate for business, medical, and moving use of an automobile

For purposes of sections 162(a), 213(d)(1)(B), and 217 of the Internal Revenue Code of 1986, the standard mileage rate for use of an automobile shall be 60 cents per mile for any use after August 31, 2005, and before January 1, 2007. (b)

Rate for charitable use of an automobile

Section 170(i) of the Internal Revenue Code of 1986 is amended by inserting (60 cents per mile for any use after August 31, 2005, and before January 1, 2007) before the period at the end.

3.

Temporary increase in reimbursement rate for use of an automobile for Federal employees

For purposes of section 5704 of title 5, United States Code, the standard mileage rate for use of an automobile for an employee who is engaged on official business for the Government shall be 60 cents per mile for any use after August 31, 2005, and before January 1, 2007.